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Current Attempt in Progress Moss County Bank agrees to lend the Cullumber Company $530000 on January 1. Cullumber Company signs a $530000, 6%, 9-month note.
Current Attempt in Progress Moss County Bank agrees to lend the Cullumber Company $530000 on January 1. Cullumber Company signs a $530000, 6%, 9-month note. What entry will Cullumber Company make to pay off the note and interest at maturity assuming that interest has been accrued to September 30? Interest Expense Notes Payable Cash 23850 530000 553850 Interest Payable Notes Payable Interest Expense Cash 15900 530000 7950 553850 Notes Payable Interest Payable Cash 530000 23850 553850 Notes Payable Cash 553850 553850 The following data is available for Sheffield Corp. at December 31, 2017: Common stock, par $10 (authorized 29000 shares) $203000 $825 Treasury stock (at cost $15 per share) Based on the data, how many shares of common stock are outstanding? 20245. 29000. 23145 20300
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